Money Laundering Bulletin
Mishcon de Reya pays UK£232,500 for poor CDD, client account use for banking, missing risk assessment
British law firm Mishcon de Reya has agreed to pay a record UK£232,500 penalty, and investigation costs of UK£50,000, after
the Solicitors Regulation Authority (SRA) found flaws in its customer due diligence (CDD) for two individual clients and corporate
vehicles linked to them. [1]